The head of the organisation that will take control of the Olympic Park after
the Paralympics wants overseas pension funds to help pay for housing
developments on the site.

Daniel Moylan, chairman of the London Legacy Development Corporation (LLDC), said in an interview with The Daily Telegraph that he wants private-rented housing funded by institutions to be “part of the mix” on the Olympic Park.

The LLDC has outline planning permission for 11,000 homes on the park across five neighbourhoods.

The first development, Chobham Manor, has been awarded to housebuilder Taylor Wimpey but Mr Moylan wants to offer overseas and domestic investors the chance to acquire some of the remaining sites.

He said: “We are looking potentially at the sorts of investors who do this. In America there are the types of investment funds that will build a big estate, manage it and it is purely private rented. We would like to attract interest from those into our area as well.”

Mr Moylan said he would “love to see” investment from British pension funds.